Bitcoin Correlated With Gold?

News
Wed, 02/07/2018 - 15:04
Alex Dovbnya
Cover image via U.Today

Royal Bank Canada’s Commodity Analyst Chris Louney’s research has found that there is a negative correlation between Bitcoin price and Gold. Louney said that towards the end of 2017, he noticed that the correlation between Bitcoin and Gold had become slightly negative for the first time during his research.

 

 

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